Connecticut

Kevin Lembo says rating agencies are poised to hammer the state and its cities again.

Municipalities object to a report by Gov. Dannel Malloy's budget office that defends the level of state aid.

P.R. Gilboy will maintain its market name and remain as a separate operating business unit.

Adequate funding for transit is a heightened focus, says Nick Sifuentes, the new chief of the Tri-State Transportation Campaign.

The need to close a widening deficit and backstop Hartford could pressure other cities and school districts.

The state already has budget deficit two months into the fiscal year.

The governor's adjustment protects the state's neediest districts but hits others hard.

WINDHAM, Conn. — The board of finance Wednesday gave its seal of approval for a $112.3 million appropriation and bonding for the Windham High School building project.

The region's slipping volume reflected a national trend.

A mix of debt restructuring and labor concessions could keep Connecticut's capital out of bankruptcy court.

The Norwich City Council voted unanimously Monday to send an ordinance appropriating $5 million in bond money for infrastructure improvements to referendum.

Benjamin Barnes cited austerity measures and some revenue improvements.

The rating agency cited state budget volatility that affects local government aid.

Norwalk went forward with a $35 million bond sale Tuesday to pay for school construction and other capital improvements projects.

Three major rating agencies have reaffirmed Norwalk, Conn.'s top-notch credit rating in advance of a $35 million bond sale next week.

It's two downgrades this week for Connecticut's troubled capital city.

Costly mandates and aging infrastructure are among the challenges S&P cited.

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

S&P Global Ratings dropped Connecticut's capital two notches to junk-level BB.